New Hampshire Governor signs foreclosure notice extension law

Gov. Maggie Hassan has signed legislation that forces banks to mail foreclosure notices 45 days before scheduled auctions – nearly twice the number of days than is currently required in the state.

Loan providers are currently required to send notices 25 days before a sale, which is 12 days fewer than homeowners have under federal law to apply for a loan modification.

Lawmakers have been debating the extension for months. Proponents, who initially pushed for a 65-day notice, claim it will align the state with new federal guidelines announced last year through an effort to increase protections on struggling households.

Read on.

One response to “New Hampshire Governor signs foreclosure notice extension law

  1. Reblogged this on Deadly Clear and commented:
    Guts! It takes guts! Good work New Hampshire.

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